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Fly News Breaks for March 20, 2017
Mar 20, 2017 | 07:45 EDT
BofA/Merrill analyst Tal Liani upgraded FireEye to Buy and raised its price target to $18 from $13.50 saying the combination of low valuation and expectations, many new solutions, and recent sales leadership changes creates significant upside potential over the next two years. The analyst believes investors underappreciate FireEye's quality of management, recovery strategy, and the quality of its technology and solutions that will drive 2H 2017 growth. Liani said FireEye has some of the most advanced threat intelligence dealing with network threats, endpoint protection, and analytics and threat management tools.
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